One example of Nokia's misreading of the markets "was the steep price decrease of Android phones in China," he said. "It happened so fast that Nokia's situation has now become difficult, but we keep honing our strategy." (Reuters)

Nokia recently lost the world number one ranking it had held for 14 years as it attempts to survive on the rapidly changing landscape, with stiff competition from RiM's Blackberry, Apple's iPhone and handsets running Google's Android platform. (AP)